Bloomberg Tech – Temasek `Cautious’ on Listed Stocks as Private Deals Beckon

Temasek’s assets jumped to a record $199 BIllion through March 31. The firm was an early investor in Alibaba, whose stock has been on a tear in the past year.

July 11, 2017

‘Singapore’s Temasek Holdings Pte is planning to buy more unlisted assets as high valuations and prospects for tighter global liquidity encourage caution on listed stocks, according to Michael Buchanan, the state investment firm’s head of strategy.

“We have some advantages in the private space,” Buchanan said in a pre-recorded interview with Bloomberg TV in the city-state on Tuesday. The firm is “a little more cautious” on listed equities because of valuations, liquidity and “the inevitable political risk that we see around the world,” he said.’

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